The ABC has obtained leaked documents which reveal potentially drastic changes being considered by Victoria's cash-strapped TAFE colleges.

The 86-page document is labelled "cabinet-in-confidence" and it summarises the so-called "transition plans" submitted by Victoria's TAFE colleges to the State Government's TAFE reform panel this month.

The plans include proposals for campus sell-offs and closures, amalgamations, course reductions and in some cases, steep increases in student course fees.

Swinburne University says it wants the Government to acquire its Lilydale and Prahran campuses, or allow them to be sold.

It estimates Lilydale could be sold for $27.5 million and the Prahran campus for $50 million.

Other possible sales include Gippsland TAFE's Yallourn site and Bendigo TAFE's Castlemaine campus.

The reform panel is due to meet TAFE institutes next week to discuss the plans before a submission is made to State Cabinet next month.

Opposition leader, Daniel Andrews says the Premier has a lot of explaining to do.

"These are documents that show TAFE in crisis because of Ted Baillieu's cutbacks. Quite extraordinary," he said.

No-one from the State Government would be interviewed about the document.

But a spokesman says the Government has not yet received an evaluation form the TAFE reform panel.

"Once the TAFE reform panel has provided its comprehensive evaluation, the Government will be in a position to consider these matters in detail," he said in a statement.

The panel is expected to make a submission to state cabinet on October 8.